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Sarsgaard Enterprises has a 15-year bond issue outstanding that pays a 9 percent coupon semi-annually. The bond is currently priced at $911.65 and has a

Sarsgaard Enterprises has a 15-year bond issue outstanding that pays a 9 percent coupon semi-annually. The bond is currently priced at $911.65 and has a par value of $1,000. What is the yield-to-maturity of the bond?

5.08%

10.13%

10.16%

10.40%

None of the above

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